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Ireland risks €26B in EU fines by 2030 if it misses climate targets, despite current progress.
Ireland could face EU sanctions costing up to €26 billion if it fails to meet its 2030 climate targets, a report by the Comptroller and Auditor General warns.
Despite progress, emissions reductions are projected to reach only 23% below 2018 levels by 2030, falling short of the 51% goal.
Even with all planned measures in place, Ireland is expected to exceed its legally binding EU emissions limits, requiring costly purchases of carbon allowances.
Estimated compliance costs range from €3 billion to €26 billion, with uncertainty over the final amount.
Failure to comply could trigger serious legal, financial, economic, environmental, and political consequences.
While investing in high-impact climate initiatives may reduce future liabilities, it remains unclear which government departments would absorb the costs.
Irlanda corre el riesgo de recibir 26 000 millones de euros en multas de la UE para 2030 si no alcanza los objetivos climáticos, a pesar de los avances actuales.